All Forum Posts by: Jeff McDermott

will do!

Yeah, deal flow isn't an issue for us either which is why we look at everything and then our analysts weed out the good **** from the ********.

we've never had to register, we're selling shares of a business to private investors and the home is the actual business.  

We did one in Kirkwood years ago and sold it in 2012.

We only hold for 6 years then liquidate.

You have the project lined up and ready to start but you need a seed round for legal, permits, surveys, contractors, architects etc.  Most deals at this level require a few hundred K to get going.

This is where we like to come in.

Early stage development projects.

My firm is an early stage/first in investment firm and we are looking to fund some projects. We are raising another round from our partners and we will have $5 million here shortly.

We want short term, 24 months or less.

Secondary financing in place

Rates are preferred at 8-18% plus project equity

$250k up to $3 million per project

Seasoned management team in place

I personally own 17 vacation homes.

Sell equity in the form of shares of an LLC.

Allow investors usage rights

Now your problems are solved

Definitely! This is what I do.

 I raise a fund of lets use $5 million.

I retain 20% ownership

I pay myself a management fee of 2% of the total capital so $100k/year.

I lend out funds to early stage development projects for a preferred interest rate, short term plus equity in the project.

I can help you with this if you want.

I'm currently putting together a few funds as we speak.

transfer title to you, refi, transfer title back to llc but you will still be personally liable for the debt not the LLC.

never go to war with 1 bullet! Always bring an arsenal to every battle.

Have a backup for your backup for every aspect of your business and step 1 is grooming someone to replace yourself so you can eventually step down and focus on growth